Your borrower failed to get the required insurance or let the policy lapse. What needs done (and when) to protect your institution? What do the regulations say about the different kinds of insurance – homeowner, flood, auto, etc.? In the past, there were no real rules and for some insurance situations that is still true. But now many insurance scenarios have very specific regulatory and timing requirements. This webinar will detail those rules and timing requirements to ensure your institution won’t be criticized, accused of a UDAAP violation, or face an individual or a class action lawsuit from borrowers when your examiners arrive.

Manual detailing the requirements to guide you through the force-placed insurance process

Employee training log

Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is designed for all those involved with the force-placed insurance process at any level – management and staff alike. Auditors and compliance personnel will find this webinar valuable.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.